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Regulation 11 Renunciation of recognition

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The members of a fund-holding practice may renounce recognition by giving to the Health Authority notice of their intention to renounce recognition with effect from 31st March following the sending of the notice.

(2)

The notice referred to in paragraph (1) shall—

(a)

be signed by a majority of the members of the fund-holding practice;

(b)

be sent by the end of the immediately preceding February; and

(c)

be accompanied by a statement containing particulars of—

(i)

the NHS contracts into which the fund-holding practice has entered,

(ii)

the amount standing in the fund-holding account,

(iii)

the amount standing in the fund-holding account which may be applied for the purposes specified in regulation 25, and

(iv)

the liabilities of the members of the fund-holding practice.

(3)

The Health Authority shall at least once in every financial year send a notice to the Secretary of State stating how many fund-holding practices have renounced recognition during that year.